Medtronic plc (MDT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 2.57B | 2.74B | 925M | 1.09B | 2.53B | 2.57B | 958M | 986M | 2.78B | 2.47B | 661M | 875M | 2.46B | 1.57B | 922M | 1.08B | 2.06B | 2.23B | 1.77B | 1.29B |
| Operating CF Margin % | 26.24% | 30.43% | 10.32% | 12.68% | 28.32% | 31.02% | 11.4% | 12.46% | 32.33% | 30.58% | 8.28% | 11.36% | 28.79% | 20.37% | 12.16% | 14.69% | 25.43% | 28.7% | 22.54% | 16.18% |
| Operating CF Growth % | 1.78% | 6.69% | -3.44% | 10.34% | -8.97% | 3.96% | 44.93% | 12.69% | 12.89% | 57.18% | -28.31% | -19.21% | 19.59% | -29.35% | -47.88% | -16.18% | 17.88% | -5.43% | -4.94% | 364.75% |
| Net Income | 1.27B | 1.14B | 1.37B | 1.05B | 1.06B | 1.29B | 1.28B | 1.04B | 654M | 1.32B | 911M | 797M | 1.19B | 1.23B | 436M | 929M | 1.49B | 1.48B | 1.32B | 769M |
| Depreciation & Amortization | 625M | 840M | 745M | 748M | 840M | 684M | 675M | 662M | 654M | 649M | 672M | 672M | 679M | 679M | 671M | 668M | 688M | 672M | 676M | 671M |
| Stock-Based Compensation | 95M | 94M | 182M | 86M | 89M | 98M | 159M | 83M | 90M | 84M | 146M | 73M | 75M | 81M | 137M | 62M | 72M | 78M | 140M | 69M |
| Deferred Taxes | -8M | -101M | -7M | 167M | -235M | -138M | -31M | 88M | -258M | -214M | -36M | 919M | -148M | 14M | -74M | -18M | -370M | -156M | -67M | -11M |
| Other Non-Cash Items | 144M | 66M | 53M | 187M | 327M | 172M | -2.03B | 16M | 713M | 123M | 63M | -763M | 107M | 47M | 53M | 189M | 55M | -23M | 33M | 646M |
| Working Capital Changes | 444M | 702M | -1.42B | -1.15B | 450M | 462M | 905M | -905M | 924M | 510M | -1.09B | -823M | 558M | -475M | -301M | -749M | 120M | 173M | -330M | -852M |
| Change in Receivables | -287M | 13M | -214M | 288M | -249M | -3M | -291M | 110M | -251M | -23M | -281M | 164M | -168M | -62M | -435M | 89M | -265M | -41M | -131M | -40M |
| Change in Inventory | 399M | -131M | -299M | -373M | 186M | -200M | -61M | -217M | 391M | 86M | -206M | -410M | -3M | -152M | -404M | -380M | -201M | -203M | -81M | -75M |
| Change in Payables | 123M | 703M | -182M | -598M | 366M | 550M | -103M | -604M | 644M | 446M | -26M | -673M | 533M | 177M | 133M | -147M | 207M | 452M | -30M | -416M |
| Cash from Investing | -917M | -816M | -482M | -719M | -490M | -843M | -345M | -259M | -696M | -707M | -424M | -539M | -475M | -287M | -1.15B | -1.58B | 271M | -437M | -709M | -784M |
| Capital Expenditures | -488M | -444M | -468M | -504M | -459M | -476M | -404M | -520M | -426M | -346M | -461M | -354M | -378M | -332M | -323M | -426M | -389M | -330M | -271M | -378M |
| CapEx % of Revenue | 4.98% | 4.92% | 5.22% | 5.88% | 5.14% | 5.74% | 4.81% | 6.57% | 4.96% | 4.28% | 5.77% | 4.6% | 4.42% | 4.3% | 4.26% | 5.78% | 4.81% | 4.25% | 3.45% | 4.73% |
| Acquisitions | -406M | 0 | 0 | 0 | 0 | -98M | 0 | 0 | -137M | -52M | -22M | 0 | 0 | 0 | -676M | -1.19B | 0 | 0 | -91M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 7M | -25M | 139M | -125M | -138M | -112M | 18M | -17M | -106M | -96M | -42M | -17M | -11M | -4M | -11M | 30M | 61M | 8M | -3M | -76M |
| Cash from Financing | -888M | -2.09B | -395M | -1.38B | -1.34B | -1.75B | -534M | -731M | -2.36B | -1.5B | -90M | -501M | -4.89B | -2.13B | 3.01B | -950M | -1.95B | -1.18B | -1.16B | -1.05B |
| Debt Issued (Net) | -164M | -1.23B | 732M | -513M | 0 | -1B | 557M | 2.58B | 63M | -311M | 821M | 500M | -3.85B | -496M | 3.78B | -27M | 0 | 0 | 0 | -1M |
| Equity Issued (Net) | -338M | 59M | -212M | -28M | -166M | -13M | -145M | -2.4B | -1.55B | -132M | -154M | -152M | 2M | -15M | -31M | -293M | -1.32B | -324M | -266M | -204M |
| Dividends Paid | -908M | -911M | -910M | -910M | -897M | -897M | -897M | -898M | -913M | -917M | -918M | -918M | -905M | -904M | -904M | -903M | -843M | -847M | -847M | -846M |
| Share Repurchases | -435M | -105M | -372M | -123M | -274M | -181M | -288M | -2.49B | -1.63B | -132M | -226M | -152M | -97M | -71M | -141M | -336M | -1.41B | -394M | -429M | -315M |
| Other Financing | 523M | -6M | -5M | 70M | -280M | 160M | -49M | -15M | 41M | -140M | 161M | 69M | -133M | -719M | 170M | 273M | 215M | -6M | -42M | -4M |
| Net Change in Cash | 802M | -135M | 9M | -945M | 978M | -154M | 83M | 27M | -339M | 312M | -28M | -204M | -2.98B | -307M | 2.69B | -1.57B | 235M | 579M | -104M | -589M |
| Free Cash Flow | 2.08B | 2.3B | 457M | 584M | 2.07B | 2.1B | 554M | 466M | 2.35B | 2.13B | 200M | 521M | 2.08B | 1.24B | 599M | 657M | 1.67B | 1.9B | 1.5B | 914M |
| FCF Margin % | 21.26% | 25.5% | 5.1% | 6.81% | 23.18% | 25.28% | 6.59% | 5.89% | 27.37% | 26.31% | 2.5% | 6.76% | 24.37% | 16.07% | 7.9% | 8.91% | 20.62% | 24.45% | 19.09% | 11.44% |
| FCF Growth % | 0.77% | 9.73% | -17.51% | 25.32% | -11.99% | -1.5% | 177% | -10.56% | 12.92% | 71.34% | -66.61% | -20.7% | 24.82% | -34.56% | -60.01% | -28.12% | 21.93% | -4.77% | -5.19% | 1732.14% |
| FCF per Share | 1.62 | 1.79 | 0.35 | 0.45 | 1.61 | 1.63 | 0.43 | 0.36 | 1.77 | 1.60 | 0.15 | 0.39 | 1.56 | 0.93 | 0.45 | 0.49 | 1.24 | 1.41 | 1.11 | 0.67 |
| FCF Conversion (FCF/Net Income) | 2.07x | 2.40x | 0.67x | 1.05x | 2.39x | 1.99x | 0.75x | 0.95x | 4.25x | 1.87x | 0.73x | 1.11x | 2.09x | 1.29x | 2.16x | 1.17x | 1.39x | 1.51x | 1.35x | 1.69x |
| Interest Paid | 201M | 31M | 461M | 81M | 195M | 54M | 394M | 119M | 258M | 92M | 392M | 84M | 344M | 28M | 166M | 68M | 245M | 15M | 217M | 63M |
| Taxes Paid | 548M | 0 | 992M | 402M | -1.51B | 180M | 941M | 394M | 219M | 293M | 993M | 117M | 234M | 493M | 561M | 260M | 154M | 227M | 366M | 249M |